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FIRST MERCHANTS CORP（FRME）与Rapid7, Inc.（RPD）财务数据对比。点击上方公司名可切换其他公司
Rapid7, Inc.的季度营收约是FIRST MERCHANTS CORP的1.4倍（$217.4M vs $157.1M），FIRST MERCHANTS CORP净利率更高（17.9% vs 1.4%，领先16.5%），过去两年Rapid7, Inc.的营收复合增速更高（3.0% vs -0.9%）
第一商人集团是总部位于美国印第安纳州曼西的金融控股公司，业务覆盖印第安纳州中部地区，旗下拥有第一商人银行、第一商人私人财富顾问两大板块，在纳斯达克上市，股票代码为FRME。截至2023年3月，集团总资产达182亿美元，为客户提供商业银行、个人银行及投资顾问服务。
Rapid7是全球领先的网络安全企业，提供漏洞管理、威胁检测与响应、云安全、安全分析等全系列安全解决方案，服务全球科技、医疗、金融、制造等行业的各类规模企业及公共部门客户，助力客户高效识别、应对和缓解网络安全风险。
FRME vs RPD — 直观对比
营收规模更大
RPD
是对方的1.4倍
$157.1M
净利率更高
FRME
高出16.5%
1.4%
两年增速更快
RPD
近两年复合增速
-0.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $157.1M | $217.4M |
| 净利润 | $28.2M | $3.1M |
| 毛利率 | — | 68.9% |
| 营业利润率 | — | 1.0% |
| 净利率 | 17.9% | 1.4% |
| 营收同比 | — | 0.5% |
| 净利润同比 | -49.1% | 44.1% |
| 每股收益（稀释后） | $0.45 | $0.05 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FRMERPD
| Q1 26 | $157.1M | — | ||
| Q4 25 | $172.2M | $217.4M | ||
| Q3 25 | $166.1M | $218.0M | ||
| Q2 25 | $164.3M | $214.2M | ||
| Q1 25 | $160.3M | $210.3M | ||
| Q4 24 | $177.1M | $216.3M | ||
| Q3 24 | $156.0M | $214.7M | ||
| Q2 24 | $159.9M | $208.0M |
净利润FRMERPD
| Q1 26 | $28.2M | — | ||
| Q4 25 | $57.1M | $3.1M | ||
| Q3 25 | $56.8M | $9.8M | ||
| Q2 25 | $56.8M | $8.3M | ||
| Q1 25 | $55.3M | $2.1M | ||
| Q4 24 | $64.3M | $2.2M | ||
| Q3 24 | $49.2M | $15.4M | ||
| Q2 24 | $39.9M | $6.5M |
毛利率FRMERPD
| Q1 26 | — | — | ||
| Q4 25 | — | 68.9% | ||
| Q3 25 | — | 70.2% | ||
| Q2 25 | — | 70.6% | ||
| Q1 25 | — | 71.7% | ||
| Q4 24 | — | 69.5% | ||
| Q3 24 | — | 70.6% | ||
| Q2 24 | — | 70.7% |
营业利润率FRMERPD
| Q1 26 | — | — | ||
| Q4 25 | 38.0% | 1.0% | ||
| Q3 25 | 39.3% | 2.7% | ||
| Q2 25 | 39.6% | 1.6% | ||
| Q1 25 | 39.4% | -0.0% | ||
| Q4 24 | 43.3% | 3.4% | ||
| Q3 24 | 36.1% | 6.0% | ||
| Q2 24 | 27.5% | 2.5% |
净利率FRMERPD
| Q1 26 | 17.9% | — | ||
| Q4 25 | 33.1% | 1.4% | ||
| Q3 25 | 34.2% | 4.5% | ||
| Q2 25 | 34.6% | 3.9% | ||
| Q1 25 | 34.5% | 1.0% | ||
| Q4 24 | 36.3% | 1.0% | ||
| Q3 24 | 31.5% | 7.2% | ||
| Q2 24 | 25.0% | 3.1% |
每股收益（稀释后）FRMERPD
| Q1 26 | $0.45 | — | ||
| Q4 25 | $0.98 | $0.05 | ||
| Q3 25 | $0.98 | $0.15 | ||
| Q2 25 | $0.98 | $0.13 | ||
| Q1 25 | $0.94 | $0.03 | ||
| Q4 24 | $1.09 | $0.08 | ||
| Q3 24 | $0.84 | $0.21 | ||
| Q2 24 | $0.68 | $0.09 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $474.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.7B | $154.7M |
| 总资产 | $21.1B | $1.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资FRMERPD
| Q1 26 | — | — | ||
| Q4 25 | — | $474.7M | ||
| Q3 25 | — | $407.1M | ||
| Q2 25 | — | $511.7M | ||
| Q1 25 | — | $493.5M | ||
| Q4 24 | — | $521.7M | ||
| Q3 24 | — | $443.7M | ||
| Q2 24 | — | $442.6M |
股东权益FRMERPD
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.5B | $154.7M | ||
| Q3 25 | $2.4B | $127.2M | ||
| Q2 25 | $2.3B | $90.4M | ||
| Q1 25 | $2.3B | $52.7M | ||
| Q4 24 | $2.3B | $17.7M | ||
| Q3 24 | $2.3B | $-5.1M | ||
| Q2 24 | $2.2B | $-52.6M |
总资产FRMERPD
| Q1 26 | $21.1B | — | ||
| Q4 25 | $19.0B | $1.7B | ||
| Q3 25 | $18.8B | $1.7B | ||
| Q2 25 | $18.6B | $1.6B | ||
| Q1 25 | $18.4B | $1.6B | ||
| Q4 24 | $18.3B | $1.7B | ||
| Q3 24 | $18.3B | $1.6B | ||
| Q2 24 | $18.3B | $1.5B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $37.6M |
| 自由现金流经营现金流 - 资本支出 | — | $36.4M |
| 自由现金流率自由现金流/营收 | — | 16.8% |
| 资本支出强度资本支出/营收 | — | 0.5% |
| 现金转化率经营现金流/净利润 | — | 12.01× |
| 过去12个月自由现金流最近4个季度 | — | $146.2M |
8季度趋势，按日历期对齐
经营现金流FRMERPD
| Q1 26 | — | — | ||
| Q4 25 | $283.6M | $37.6M | ||
| Q3 25 | $87.6M | $39.0M | ||
| Q2 25 | $53.7M | $47.5M | ||
| Q1 25 | $61.7M | $29.8M | ||
| Q4 24 | $266.2M | $63.8M | ||
| Q3 24 | $76.8M | $44.0M | ||
| Q2 24 | $63.0M | $32.9M |
自由现金流FRMERPD
| Q1 26 | — | — | ||
| Q4 25 | — | $36.4M | ||
| Q3 25 | — | $34.8M | ||
| Q2 25 | — | $46.6M | ||
| Q1 25 | — | $28.4M | ||
| Q4 24 | — | $62.6M | ||
| Q3 24 | — | $42.6M | ||
| Q2 24 | — | $32.6M |
自由现金流率FRMERPD
| Q1 26 | — | — | ||
| Q4 25 | — | 16.8% | ||
| Q3 25 | — | 16.0% | ||
| Q2 25 | — | 21.8% | ||
| Q1 25 | — | 13.5% | ||
| Q4 24 | — | 28.9% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | — | 15.7% |
资本支出强度FRMERPD
| Q1 26 | — | — | ||
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.1% |
现金转化率FRMERPD
| Q1 26 | — | — | ||
| Q4 25 | 4.97× | 12.01× | ||
| Q3 25 | 1.54× | 3.97× | ||
| Q2 25 | 0.94× | 5.70× | ||
| Q1 25 | 1.11× | 14.14× | ||
| Q4 24 | 4.14× | 29.36× | ||
| Q3 24 | 1.56× | 2.85× | ||
| Q2 24 | 1.58× | 5.03× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FRME
| Net Interest Income | $151.3M | 96% |
| Noninterest Income | $5.8M | 4% |
RPD
| Products | $209.1M | 96% |
| Services | $8.2M | 4% |
